Employer Pension Scheme Consultants

Pi Consulting are independent pension consultants that can provide a professional and bespoke employer pension consultancy for your business.

What is an employer pension scheme?

An employer pension scheme can be set up under a trust or through an insurance company and is a way for employees to save for retirement. Since 2013 employers must offer access to a pension scheme as part of their legal auto-enrolment regulations. In addition to employer pension schemes that accept ongoing members and contributions, a company may also have a legacy pension scheme that is no longer open to employees.

Legacy pension schemes are commonly written under trust and may provide pension benefits based on salary (known as final salary or defined benefits schemes) or on contributions (known as money purchase or defined contribution schemes).

What can our employer pension scheme consultants do for you?

Pi Consulting’s pension specialists can help employers with a review of their current benefit provision, including assistance with setting up the employer pension scheme or transitioning to a new arrangement. This includes selection and review of master trust pension schemes, which are open to non-associated employers.

At Pi Consulting we understand the due diligence necessary from both an employer and a trustee perspective and our clients value our trusted, independent corporate pension advice to help meet the needs of all employer pension scheme stakeholders.

Besides helping to design and implement an effective governance framework to help you assess the ongoing value for money and performance of your pension arrangements and your advisers, Pi Consulting can also aid your employer pension scheme through:

Providing a strategic overview

This includes reviewing your Defined Contribution pension provision via either own-trust or an alternative master trust solution.

Reviewing your existing employer pension scheme providers

Whatever type of employer pension scheme you have, Pi Consulting can work with your trustee board to benchmark and assess your existing advisers against the current market. We can help select a new adviser, streamline existing services, and manage the handover between advisers. We can also review and assess any existing in house service to help deliver efficiencies or support future outsourcing.

Master trust transition project management

Provide independent project management to oversee changes in benefit structures and transitions between own-trust and master trust employer pension plan arrangements.

Implement an employer management committee

An employer governance committee acts in a purely advisory capacity. It should identify any risks to the employer and pension scheme members and recommending ways to manage and reduce these risks. Pi’s pension scheme consultants can help design a suitable governance framework and be an independent member of the committee as appropriate.

Our employer pensions consultancy services and fees are tailored to meet the specific needs of the employer and pension scheme members.

Contact our team on 020 8879 6500 or enquiries@pipg.co.uk – see how we can help you today.